24. Tax Payment

(1) In the case of a VAT dealer, the tax declared as due on Form VAT- 200, shall be paid not later than twenty (20) days after the end of the tax period by way of remittance into the Treasury or by way of online payment through Internet website of the Commercial Tax Department or any other Internet website, authorized by the Commissioner of Commercial Taxes. However online payment shall also be governed by the Terms and Conditions stipulated therefor.

(2) In case of a TOT dealer, the tax, declared to be due in Form TOT 007, shall be paid not later than thirty (30) days after the end of the calendar quarter by way of remittance into the treasury or by way of online payment through Internet website of the Commercial Tax Department or any other Internet website authorized by the Commissioner of Commercial Taxes. However on line payment shall also be governed by the terms and Conditions stipulated therefor.

(3) The return in Form VAT 200 or Form TOT 007 shall be accompanied by proof of payment of tax declared to be due in such return.

(4) Where any VAT dealer or TOT dealer submits a Form VAT 200 or Form TOT 007 without the proof of payment of the full amount of tax payable, the authority prescribed shall send a notice on Form VAT 202 or TOT 012 to the VAT dealer or to the TOT dealer for the tax under paid. Such notice shall be deemed to be an assessment cum demand notice and the VAT dealer or TOT dealer shall pay the sum specified in the notice within the time specified therein.

(5) Where any dealer has been permitted to pay tax or any other amount by way of instalments, the following conditions shall apply:

(a) The dealer shall not default payment of any other taxes or any other amount due under the Act subsequent to the granting of instalments.

(b) In the event of any default, the order granting instalments shall become infructuous unless on application it is specifically restored by the Deputy Commissioner.

(c) Any other conditions as may be specified in the order.

(6) Where any VAT dealer has paid any Entry Tax and intends to adjust such amount against VAT payable by him as specified in sub-section (5) of Section 22, he shall make a declaration on Form 503 and file along with Form VAT 200 for the Tax period.

(7) Omitted.